Trading suggestions for Tuesday, September 17:
I entered the market at 23:00 last night, and I applied accurately. The results all require time to wait
The timing of entry is very important, choose a reasonable time.
Personally, I think the interest rate cut is still necessary, but it is not the 0.5% rumored by the market, but the 0.25% in line with expectations. I think the Fed is more looking for a smooth landing in the current situation. After all, it does not want to fall into an economic crisis so early, as can be seen from the recent pull-up of US stocks and the revision of economic data.
So the next market trend is probably that BTC will fall back to 56,000-54,000 in late September after the expected positive impact of the interest rate cut, completing a bottoming action similar to the three-probe, and then bullish in October.
Since the sideways adjustment at the weekend, the big cake has been fluctuating downward all the way. After a round of bottoming out at 57,500 yesterday, it rebounded and is currently running around 58,600.
The trend of three consecutive negative retracements on the daily line shows that the short-term trend is still weak. The recent upward structure has obviously changed. The overall market trend has turned around, so the operation must also be flexible. In the daily trend, it is generally a volatile downward trend, and in the short term, after a round of rebound, there are signs of pressure and decline. This trend is also in line with the overall trend. The 4-hour trend continues to be weak and downward, and the price of the currency continues to fall, opening the Bollinger band downward, and the moving average indicator also follows.
The big cake is around 59100-59300, looking towards 58000
